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Oracle NetSuite is a cloud-based enterprise resource planning (ERP) system that offers a complete suite of integrated business applications, covering everything from accounting and financials to customer relationship management (CRM) and e-commerce.
Financial management: Comprehensive financial management capabilities, including accounting, order management, and billing
Customer relationship management (CRM): Sales force automation, customer support and service, and marketing automation
Inventory management: Comprehensive inventory management, including warehouse and fulfilment management
Reporting and analytics: Robust reporting and analytics tools to help businesses make better decisions
Project Management and Job Costing: Project management and job costing tools to help businesses manage their projects and track costs
Improved visibility into business operations: NetSuite provides users with real-time visibility into all aspects of their business, from financials to inventory levels. This helps businesses make better decisions and stay ahead of potential problems.
Improved efficiency and productivity: NetSuite streamlines many common business processes, such as order management and billing. This can free up time for employees to focus on more value-added tasks.
Inventory management: Comprehensive inventory management, including warehouse and fulfilment management
Inventory management: Comprehensive inventory management, including warehouse and fulfilment management
NetSuite’s CRM capabilities help businesses manage their customer relationships more effectively, leading to improved customer satisfaction. NetSuite’s CRM applications are tightly integrated with the rest of the NetSuite platform, providing a seamless user experience and a single source of truth for all customer data.
Top Features of NetSuite CRM include:
Contact Management
Lead Management
Opportunity Management
Quote and Order Management
Marketing Automation
Product and Price Books
Configurable Dashboards and Reports
NetSuite’s ERP capabilities help businesses manage their financials, inventory, and operations more effectively. NetSuite’s ERP functionality improves companies ability to track and manage inventory across multiple locations and divisions and helps support accurate demand and supply planning.
Top Features of NetSuite ERP include:
Financial Management
Inventory Management
Order Management
Demand and Planning
Warehouse and Fulfilment Management
Configurable Dashboards and Reports
NetSuite’s accounting and finance capabilities help businesses manage their finances more effectively. NetSuite’s accounting functionality includes a complete chart of accounts, General Ledger, Accounts Payable, Accounts Receivable, and Bank Reconciliation. Financial reporting and analysis tools are also included to help businesses make better decisions.
Top Features of NetSuite Accounting & Finance include:
Chart of Accounts
General Ledger
Accounts Payable
Accounts Receivable
Bank Reconciliation
Financial Reporting and Analysis Tools
NetSuite’s inventory management capabilities help businesses track and manage their inventory more effectively. NetSuite’s inventory functionality includes support for multiple locations and divisions, inventory replenishment, and demand planning.
Top Features of NetSuite Inventory Management include:
Multiple Locations and Division Support
Inventory Replenishment
Serialised Inventory Tracking
Putaway management
Bin and location management
Cycle counting and stock-take management
Customisable inventory master records
NetSuite’s warehouse management capabilities help businesses manage their warehouses more effectively. NetSuite’s warehouse functionality includes support for multiple locations, order management, demand planning, and inventory replenishment.
Top Features of NetSuite Warehouse Management include:
Warehouse automation
Warehouse management planning
Warehouse performance reporting
Advanced Inventory controls
Streamlined order processing
Fulfilment management
NetSuite’s work order and assembly capabilities help businesses manage their manufacturing processes more effectively. NetSuite’s work order functionality includes support for multiple locations, bill of materials creation and multi-level BOM management.
Top Features of NetSuite Work Orders & Assemblies include:
Bill of Materials templates
Work Order Management
Multi-level BOM management
Capacity Planning
Material Requirements Planning (MRP)
Manufacturing Execution System analysis (MES)
NetSuite's WIP and Routing module helps businesses manage their manufacturing processes more effectively. NetSuite's WIP helps manufacturers to see in real-time the status of manufacturing work orders and get accurate valuation and accounting transaction recording for goods currently in the manufacturing process.
Top Features of NetSuite WIP & Routing Management include:
Work in Progress tracking
Routing management
Product cost analysis
Overhead cost applications
Labour cost allocations
NetSuite Advanced Project Management module helps businesses manage their projects more effectively. NetSuite's project management functionality includes support for multiple projects, tasks, and resources. Advanced features such as time tracking, expense tracking, and billing are also included to help businesses better manage their projects.
Top Features of NetSuite Advanced Project Management include:
Multi-project support
Task management
Resource management
Gantt charting
Time tracking
Expense tracking
Project billing and invoicing
NetSuite's job costing functionality helps businesses track and manage the costs of their projects more effectively. For complex projects that need to track costs into different categories such as inventory, labour, contractors and equipment, NetSuite provides the ability to set up multiple cost categories and track costs against those categories.
Top Features of NetSuite Job Costing include:
Multi-cost category support
Project cost tracking
Inventory cost tracking
Labour cost tracking
Contractor cost tracking
Equipment cost tracking
NetSuite's Advanced Financials module helps businesses manage their finances more effectively. NetSuite's financials functionality includes support for multiple currencies, custom fiscal periods, and advanced journals. In addition to this, Advanced Financial allows for the tracking of amortisation, intercompany transactions, and multiple consolidations.
Top Features of NetSuite Advanced Financials include:
Multi-currency support
Custom fiscal periods
Advanced journals
Amortisation tracking
Intercompany transactions
Multiple consolidation support
NetSuite's demand planning module helps businesses forecast future demand for their products and services. NetSuite's demand planning functionality includes support for multiple time periods, product hierarchies, and forecasting methods. In addition to this, NetSuite provides the ability to create custom reports and dashboards to help businesses better understand their demand planning data.
Top Features of NetSuite Demand Planning include:
Multi-time period support
Product hierarchy support
Multiple forecasting methods
Automatic creation of purchase orders
Custom reports and dashboards
NetSuite's Fixed Asset Management module helps businesses manage their fixed assets more effectively. NetSuite's fixed asset functionality includes support for multiple depreciation methods, custom fields, and asset tracking. In addition to this, NetSuite provides the ability to create custom reports and dashboards to help businesses better understand their fixed asset data.
Top Features of NetSuite Fixed Asset Management include:
Multi-depreciation method support
Custom fields to capture specific asset data
Asset tracking
Location tracking
Serial number tracking
Service and maintenance history tracking
PKF Digital has a team of NetSuite experts that can help you implement Oracle NetSuite in your business. For nearly 25 years, we have been helping Australian businesses - from SMEs to large enterprises - overcome their business challenges with innovative technology solutions.
If you would like to learn more about Oracle NetSuite, please contact us today. One of our NetSuite experts will be happy to answer any of your questions.